Nike Faces Challenges with Slower Sales Growth and Guidance Cut
Thursday, 27 June 2024, 20:44
Nike Warns of Guidance Cut
Nike has reported its slowest annual sales gain in 14 years, reflecting challenges in the market.
Market Share Competition
The sportswear company faces stiff competition from emerging brands like On Running and Hoka, impacting its growth.
- Guidance Cut: Nike issues a warning of potential guidance cut, indicating future uncertainties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.